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400-404 E 1st St
Long Beach, CA 90802 Downtown Long Beach

Price Upon Request

Storefront Retail Residential For Sale  •  6,856 SF

Property Details

  • Property Type Storefront Retail Residential
  • Total Building Size 6,856 SF
  • Lot Size 0.09 AC
  • Building Class C
  • Year Built 1902
  • Tenancy Multiple
  • Zoning PD30, Long Beach
75 Transit Score
96 Walk Score

Highlights

Storefront Retail on NNN Leases – Ground floor retail is fully occupied by a diverse mix of tenants paying $3.11/SF on NNN leases.
Mixed-Use Retail and Apartment The ground floor retail is made up of 3 retail units, the 2ndfloor is made up of 3 large 1 and 2 bed units.
Below Market Apartment Rents – Residential tenancy is paying $2.44/SF or an average $2,519.45 with upside in rents.
Strong Signalized Corner – Ideally positioned on the SE signalized corner of E 1st Street and Elm Avenue.
Excellent Traffic Counts – Highly trafficked pedestrian corridor with a walk score of 96, a “walker’s paradise”.
Exceptional Visibility and Frontage – Approximately 50 and 70 feet of linear frontage on E 1st Street and Elm Avenue, respectively.

Amenities

  • Commuter Rail
  • Corner Lot
  • Skylights

Public Transportation

Transit/SubwayDriveWalkDistance
1st Street Station (Blue Line - Los Angeles County Metropolitan Transportation Authority (Metro)) 1 min 3 min 0.2 mi
Long Beach Transit Mall (Blue Line - Los Angeles County Metropolitan Transportation Authority (Metro)) 2 min 6 min 0.3 mi
5th Street Station (Blue Line - Los Angeles County Metropolitan Transportation Authority (Metro)) 2 min 10 min 0.5 mi
Pacific Station (Blue Line - Los Angeles County Metropolitan Transportation Authority (Metro)) 2 min 13 min 0.6 mi
AirportDriveWalkDistance
Long Beach (Daugherty Field) 12 min - 4.9 mi
John Wayne/Orange County 34 min - 21.4 mi
Los Angeles International 33 min - 22.6 mi

Parking Details

Parking Available: Yes
Reserved: No
Type: Surface
Included in Rent: Yes